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Fapbef-Uemoa Federal Council: Mamadou Bocar Sy lists the challenges to be met for his two-year mandate

24/04/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Held on 13 January 2023 in Dakar, the Federal Council of the Federation of Professional Associations of Banks and Financial Institutions of Uemoa ( Fapbef- Uemoa ) allowed the outgoing president Nana-Aï Issa Ango praised the achievements. Mamadou Bocar Sy, who succeeds him, also took the opportunity to list the challenges to be met for his two-year mandate

.

With the aim of optimizing financial stability and efforts to combat money laundering and terrorist financing, the National Director of the Bceao for Senegal transmitted its suggestions on behalf of Governor Jean-Claude Kassi Brou. According to Nana-Aïssa Ango in her speech, Covid-19 has solidified the relationship between the regulatory authority and the taxable persons, the credit institutions. Thus, she recalled that several interviews and meetings had been organized by the outgoing governor, la Bceao such as the incumbent Mr. Jean-Claude Kassi Brou.

Mamadou Bocar Sy, nouveau Président de la Fapbef_ Uemoa is committed to continuing the work begun by its predecessor. In this perspective, he said that “work will continue to address the challenges that lie ahead for the banking profession.” He will be responsible for meeting the challenges of financial inclusion and the banking of populations, the dynamization of the interbank market, on the one hand, the strengthening of digitalization and, at the same time, cybersecurity, on the other hand, and finally, the effective implementation of Basel's provisions, post-transitional period, without overshadowing the high volume of

banking litigation.
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